Commercial Metals Q3 Adj. EPS Meets Estimates, Revenues Top

RTTNews | 288 hari yang lalu
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Commercial Metals Q3 Adj. EPS Meets Estimates, Revenues Top

(RTTNews) - Commercial Metals Co. (CMC) on Thursday reported that net earnings for the third quarter declined to $119.44 million or $1.02 per share from $233.97 million or $1.98 per share in the prior-year quarter.

Net sales for the quarter decreased to $2.08 billion from $2.34 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.02 per share on revenues of $2.02 billion for the quarter. Analysts' estimates typically exclude special items.

On Wednesday, the board of directors declared a quarterly dividend of $0.18 per share of CMC common stock, payable on July 10, 2024 to stockholders of record on July 1, 2024.

Looking ahead, the company said it expects consolidated financial results in the fiscal fourth quarter to be consistent with third quarter levels.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Teg: CMC
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Commercial Metals Q4 Adj. EPS Misses Estimates

Commercial Metals Q4 Adj. EPS Misses Estimates

Commercial Metals Co. (CMC) on Thursday reported that net earnings for the fourth quarter declined to $184.17 million or $1.56 per share from $288.63 million or $2.40 per share in the prior-year quarter.
RTTNews | 540 hari yang lalu
Commercial Metals Appoints Peter Matt To Succeed Barbara Smith As President

Commercial Metals Appoints Peter Matt To Succeed Barbara Smith As President

The Board of Directors of Commercial Metals Co. (CMC) announced Thursday that, as part of the Company's succession plan, the Board has appointed Peter Matt as President, effective as of April 1, 2023, succeeding Barbara Smith who will remain Chairman and Chief Executive Officer of the Company.
RTTNews | 778 hari yang lalu
Commercial Metals Q3 Results Top Estimates

Commercial Metals Q3 Results Top Estimates

Commercial Metals Co. (CMC) on Thursday reported that net earnings for the third quarter soared to $312.43 million or $2.54 per share from $130.41 million or $1.07 per share in the prior-year quarter.
RTTNews | 1023 hari yang lalu
Pound Falls As European Shares Extend Losses On Growth Worries

Pound Falls As European Shares Extend Losses On Growth Worries

The British pound weakened against other major currencies in the European session on Friday, as European shares traded lower, extending steep losses from the previous session after U.S. President Donald Trump announced significantly harsher-than-expected tariffs.
RTTNews | 4j 39min yang lalu
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